GST Collections Double in 5 Years, Hit Record ₹22.08 Lakh Crore in FY25
India’s gross Goods and Services Tax (GST) collections have reached an all-time high of ₹22.08 lakh crore in the financial year 2024–25, more than double the ₹11.37 lakh crore collected in FY21. The data was officially released on Monday, ahead of the eighth anniversary of the GST rollout. This growth marks a 9.4% increase over […]
Income Tax Bill 2025: Government’s Power to ‘Override’ Online Access Codes Raises Privacy & Compliance Concerns
New Delhi | The proposed Income Tax Bill 2025 introduces new provisions empowering tax authorities to override online access controls, allowing them to bypass passwords and encryption during search and seizure operations. While officials claim these changes aim to modernize tax enforcement, they have triggered privacy concerns among digital rights advocates and financial experts. What’s […]